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energy drilling policies to get at the national resources and of course, the big story that you mentioned, paul, is what's happening with right to work, it wasn't just michigan, sometimes we forget earlier indiana became a right to work state, too, so, two midwestern states that have traditionally been pretty heavily unionized moved to right to work and i wouldn't be surprised if next year we see a couple more states fall. >> interesting contrast in maryland and virginia, neighboring states. you have in virginia, a republican governor cutting taxes, cutting spending. in maryland, you have a liberal democratic governor who's raised tacks all kinds of taxes, income taxes, gas taxes sales taxes, you name it. as a result virginia has a job growth rate that is three times that of maryland. virginia has a lower unemployment rate. so you see that contrast and paul, i think in this election, it actually worked to the president's benefit in some of the swing states like o-ohio and virginia and you had the voters in the states experiencing above average growth thanks to the policies of republican g
energy problems how would you rate it? >> it is not a solution and it is wholly dependent on electric utilities and electric generation that can be dispatched. we can't count on wind. when demand is highest wind output is generally at its lowest. that's a big problem. gerri: irony, these anti-wind groups are growing in number. take a look at this. in the u.s. there are 100 groups. u.k., 200. europe, 500. what is going on? >> this is part of a growing global backlash against the wind industry. this is very successful rtraying itself as green. we produce green energy, green lech i very, reduce co2 emissions. when you look at countries around the world, australia, new zealand, huge backlash in ontio, we're seeing backlash against the large wind projects going in all over the place. gerri: talk about new york. you have an interesting example there. >> just last month lawyers here in new york filed lawsuits, 60 residents in herkimer county just north of albany, they filed a lawsuit saying these project, wind turbines, built within 1000 feet or so of residences are emitting all the noise, k
master while recording my debut album. how u ask? with 5-hour energy. i get hours of energy now -- no crash later. wait to see the next five hours. time for citi price rewind. because your daughter really wants that pk castle thing. and you realldon't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it findone, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all youeed is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. ♪ tom: washington still fighting over the debt deal. farmers are worried about dairy deal. the farm bill is set to expire at the end of the year along with everything else that is going on. the senate agricultural committee chairwoman pushing for a short-term extension to avert the cliff. but if that does not happen, no prices -- milk prices to go up to $8 per gallon. the supermarket group on how this is going to turn consumers soured. you bet that would. that's about double. >> i
around energy. we are producing more energy and america can become an energy exporter. but the most immediate thing i've got to do, starting on january 1st, if congress doesn't act before the end of the year, is make sure that taxes are not going up on middle class families. >> joining me now, former spokesman for the democratic congressional campaign committee, doug thornel, republican media consultant kim, and my colleague at "the washington post" and white house reporter david knanakamura. doug, i want to start with you. the president's first-term agenda really was health care, and then he had to deal with the economy. >> right. >> so, health care, yes, but the rest was kind of set for him. how long does his second term really last before we bad political reporters start talking about 2016, and what are the one or two things you think are possible to get done or he should get done as a guy who's really looking to burnish his legacy as much as get re-elected? >> i think as much as up to midterm. >> it will last. >> yeah. i think immigration reform is huge. i think there's an openi
eastern sections of north carolina. as this energy works its way offshore, we'll be watching for the energy to travel from the midwest further off to the coast. chicago, you're getting light snow at this hour. you're getting plenty of snow across western pennsylvania, but i want to zoom into areas in the northeast where we're expecting the snow to accumulate going through much of. evening hours. so we have winter weather advisories across the heartland all the way down through the mountains of virginia, and then you can see, we have four to six inch bes for much of new york state as well as into connecticut and new york. not necessarily new york city getting as hard-hit with this storm. several inches expected. what's fastcinating when talkin about a nor'easter system, as it develops off the coast, depending where the low pressure is centered, that will determine how much snow cities like boston and providence get. but the latest computer modelling are saying we could see six inches or more for the boston area. that's why a winter storm warning is now in place. so the snow wi
. back to you, carl. >> seema, thanks so much. check out some energy in metals this morning. let's go to our favorite birthday girl of the day. bertha coombs. >> thank you very much, for the birthday wishes. you know, it's national chocolate day. what else would be better on your birthday? except for a lot of inventory numbers today, delayed because of the christmas holiday. we have energy at the moment fractionally higher across the board. the dollar index weakening just a hair at the moment. despite the fact that we had industry numbers that were a bit bearish. the api putting out numbers of crude stocks. when you look out at the estimates for the eia, we're expecting to see a drawdown of crude of 2 million barrels. crude, the third weekly gain. one of the biggest gains we've seen in a long time, nearly 3% this week. it's looking fairly technically strong. gasoline will be the one that people will watch. eia estimates are for a build there of 250,000 barrels. it's closer to that than what we saw from the api at 2.5 million barrels. that's certainly going to be more bullish for gasol
. >> there is a five year extension of stimulous tax credits for alternative energy conversion and businesses can take a depreciation on new equipment and buildings. all cuts in medicare payments put off fo another year. >>> the catch all measure even extends a dairy subsidy to keep milk prices from spiking. but the lack of a presidential agreement to cut spending means even if the senate measure passes the house mr. obama can expect added pressure in a matter of weeks when the nation's debt ceiling must be raised again. >> we made the mistake when we increased the debt limit the first time and gave that guy all the money to buy votes with and we shouldn't make the same mistake now. >> the president says congress shouldn't do that because it holds the nation's credit rating hostage but some republicans say that s the only way the guts will happen. bret? >> bret: as you look live at the house floor we should point out that these are house controlled cameras. we don't control these familiar as. as you look at congressman dreier speaking on the house floor what you can't see is there are not that many la
this might become a big issue? >> i think fossil fuel exports has been a huge issue in the energy world for the last couple of years and finally it's rising to the level of where it's going to gain the attention of congress. the energy department released a study last month giving an implicit nod to natural gas exports. i think that could compel congress to really look at this issue. this law governing natural gas exports hasn't been updated since 1938. whether or not congress has the political will to change it remains to be seen but it's certainly going to be part of the conversation. >> you also write about the european financial crisis. i would think it's fair to say 2012 was a horrible, terrible, very bad year for the european economy. but what could that mean to us here? >> right. i think the fiscal cliff of the past month has really allowed a lot of people and especially those in congress to forget that there's a big world out there where economies are not doing so well either. there's been a couple of economists, some of the big economic firms like deutsche bank and others who s
away from energy and industrials. >> talking of counting down. 15 minutes to go before the closing bell. the dow is down by 17 point but, you know, we're not really moving much at all. >> have you heard of euclid? that's what weather forecasters have named this monster storm hitting the east coast right now. our friends at the weather channel will show you the latest storm track coming up. >> and plus, how will euclid impact wall street? find out what the traders are daying next, first in business worldwide. >>> it is cold and it is ugly and it is snowing outside right now, and it is pretty much that way for most of the northeast thanks to this winter storm that's dumping snow on much of the east coast. the weather channel's danielle banks has more. >> hi there. maybe you were dealing with family drama and today we're dealing with weather drama so no holiday would be complete without some drama and still lot of that going on for locations with tornado watches through 5:00. the storms have definitely made significant progress since yesterday. so we're backing things up for you about 24 h
of what feels like here, bill. a lot of energy at the white house, a lot of curiosity surrounding this meeting. what you can't see from here and what i can't show you, unfortunately, is just about 50 yards from here is where you saw speaker boehner walking into the building, and we've got a whole cadre of white house still press photographers up on ladders peering over the hedge trying to get a picture of the leaders as they walk in and just to the left of that crowd is another crowd of reporters all gathered around the stakeout cameras. that's where the leaders could come out and talk to microphones if they wanted to say anything after this meeting. there's a lot of anticipation of whether they will say anything after this meeting, and it's widely seen that this would be a good sign for negotiations if they do come out and talk. a lot of previous white house meetings, they have not come out to say anything afterwards, so all those folks waiting over there might be waiting in vain here at this point, but at this point we know most of the major leaders are in the building, and we'l
, the strongest part of the energy complex, looking for distillates to be down 350,000 barrels and a build of 350,000 barrels. gasoline prices were up 4% and nat gas, that will be the first one out at 10:30 tomorrow morning. we're expecting about a 76 billion cubic foot drawdown. seasonally lower and nat gas, look at that chart. under pressure of late. it's going to have its first positive year in five years and a pretty good one, matching a performance we've seen in stocks, the best in the energy patch. back to you. >> thank you so much. we just got word that the senate republican leader mitch mcconnell will be going before cameras shortly so that could be market-moving as well. we'll wait to see what that is. >> when he speaks, we'll bring him to you. flows into stocks-based mutual and exchange traded funds have posted 8 billion and bonds, on the other hand, have taken less than 1 billion. a bit of a rotation going on here. should investors be putting money to work in equities despite today's selloff? >> the battle of stocks versus bond. with us cnbc's jeff cox and kathy jones from charles schw
to expire. one energy security group says it does not expect the one-year credit extension which has been criticized as too costly to be part of any fiscal cliff deal. so many cliffs, so little time. >>> do you watch abc's hit show "modern family" it has become a bit of a phenomenon. we sat down with one of the emmy winning producers and how they create nose crazy and hilarious story lines. >> i know, right. >> all i have to do is get 50 signatures, make my case and it's on. >> i am so proud of you. >> we all are. >> usually the minute any of us walks in the door, she gives us all something to do. >> do your homework. >> clean your room. >> put on pants. >> like the queen is coming over. >> i could really use your help getting these signatures. >> i'll do it as soon as i change those light bulbs you wanted. >> kids? >> i have a ton of homework. >>> "modern family" ever see it? it is a huge hit on abc packed with 21st century dynamics that are becoming the new normal for the modern family. nadia sat down with danny one of its executive producers for a real insider's tour of the show. cnn e
. natural gas, energy exploration in this country is turning into a big tailwind. how much do you dismiss those, if at all? >> i think they're all great stories. second half 2013 could be excellent and growth could really accelerate. all the things you mentioned are important. i would also allow the fact that household debt to income is going to fall back by the end, we think of next year, back to the long-term equilibrium level. the health sector is healthy. raised a lot of capital. europe has stabilized. but the problem is the politics. it's hard to quantify the politics. and we've seen business confidence also move lower. so it's really all about washington. if we get some clarity on the fiscal side, i think growth next year could be much better than what we're looking at at the moment. >> that is a big if. joe, have a great new year's. see you in 2013. >> same to you, carl. >> the markets are set to open lower. the nasdaq closing in negative territory for the last five sessions. the major indices are still on track to end with gains. having the best year in 2010. the s&p 500 up more t
much less energy and vigor some of the no voters have, they -- they would like to at least be able to go home for a day before the new congress starts on january 3rd. >> they want to tell constituents, i wasn't all that into this but that had nothing to do with me. here is the problem, as we get further and further. this could have amendments and setbacks, does that give energy to interest groups who started last night? politicking and lobbying both senators and congressmen to say this is a bad deal that gives too much to the other side. >> sure this gives an opportunity for opponents to make arguments this is a bad deal. this legislation not available to anybody publicly when the senate voted it on last night. there were early returns from heritage action group telling folks to vote no on it if they could, but basically this is the opportunity the no crowd will have over the next 12 hours, 24 hours to make their arguments. this is the way congress does business in the dark of night without any transparency to what they are doing, and i think ultimately, that's one of the reasons t
the cold even when you're away from home. adjust your thermostat remotely to help save energy and money. turn on the lights, even see that everyone is safe and secure. and with adt, you can rely on our fast response monitoring for 24/7 protection against burglary, fire, and high levels of carbon monoxide. the adt new year's sale. it could help you save something more important than money. call now to save $300 on adt starting at $99 installed plus 15% off accessories. sale ends midnight january 2nd. ♪ ♪ >> eric: welcome back, everybody. so this is one of our last shows of 2012. it's been a fantastic year. 2013 shaping up to be especially better for "the five." i predicted it. we will be number one. thoughts on the year that was and the year in front of us. >> it has been incredible. 2012 was such a busy an interesting news year. so many stories. outcomes we couldn't have predicted. we covered the election. that was obviously a daily endeavor to get through it. >> eric: that wasn't so much fun. [ laughter ] >> kimberly: watched debates. romney did great on the first debate. we talked
that is not talked about in the media is crony capitalism. obama is picking winners and losers in energy -- >> picking losers. >> millions of dollars of our tax dollars, g.e.'s ceo is lobbying the president. people need to realize, that's our money that is being used against us and
. it was going well until the middle part of last week where he had low energy days and things snowballed. it probably was exactly the wrong time pause of his weakened condition. >> mr. bush is the country's oldest living president. his doctors are cautiously optimistic. >> david lee miller, thank you. >>> the head of the environmental protection agency, lisa jackson, is leaving her post. in a statement, she said she will leave the epa confident the ship is sailing the right direction. the president released a statement praising lisa jackson for taking steps to protect our air and water, helping to combat climate change and passing new fuel economy standards. republican lawmakers and industrial groups often accused her and the epa of killing jobs, making it harder for american companies to compete on the world stage. >>> every year thousands of american families save russian children from horrific conditions but that could stop. critics say it's all because russia's president is making a political ploy. we speak with a family about their efforts to adopt a russian child and what the move
? the carful? how about...by the bowlful? campbell's soups give you nutrition, energy, and can help you keep a healthy weight. campbell's. it's amazing what soup can do. by showing you the apartment building where the fire was. when things like this happen, i think you find a new perspective on life. red cross put us in a hotel so we were able to stay together. we're strong and if we overcame that or if we can overcome that... we can overcome anything. [ sniffles ] ♪ ♪ ♪ >> eric: welcome back, everybody. are you like me still scratching your head over why speaker boehner asked the caucus to vote for raising taxes and promising them that the senate wouldn't bother signing the bill anyway? left you wondering why anyone signs a dock tenant goes against their fiber, document to be used against them with the constituents? about the darn thing was d.o.a. in the senate i? way. the republicans are losing the debate on the fiscal cliff. this is obama's economy. let the president and the democrats own it and own the national debt. own the defense cut. instead, boehner and the gang allow the pres
? >> it really isn't. i'm thankfully healthy and have incredible stamina and energy. >> reporter: she does, indeed, normally have incredible energy and stamina. she was supposed to return to work this week. but this seems a very big setback. and there is so much we don't know. >> including where in her body this blot is. that could have a big significance in how it's treated and the seriousness of it. >> reporter: that's true. i asked her spokesman whether the clot is in her head or her leg, they will not say. they have said she has other issues from the concussion but won't say what they are. >> it's puzzling, the lack of information, especially given the republican charges of benghazi flu or a diplomatic illness when they were failing to believe she was as sick as she was. >> reporter: true. but, as you know, the clintons are notoriously private. they just don't say much, especially about issues like this. >> have you ever dealt with something like this, where there's so little information forthcoming? >> reporter: i can't say i have. over the last few weeks, they've come back at us sayi
immigration system, protecting our planet from the harmful effects of climate change, boosting domestic energy production, protecting our kids from the horrors of gun violence. it's not just possible to do these things, it's an obligation to ourselves and to future generations. >> protecting our kids from gun violence. an absolutely critical issue in the light of what happened last month. joining us now is julian epstein a democratic strategist and dana milbank a columnist for "the washington post." the president says addressing gun violence will be a priority. but given what you and i have just witnessed in the congress and a new debt ceiling fight to come in about two months, can we really be optimistic about anything being done to address the issue of gun violence in this country? >> martin, i was up on capitol hill today to watch them wind things down. forget about the fiscal cliff which you point out all they did was punt it for 60 days. >> exactly. >> they can't even agree on -- in the house on enacting the hurricane sandy relief bill which everybody agrees needs to be done. so for us to
about the cpfl energy? buy utilities, when the country grows utility comes make sense. i think it's the best way to go. joe in arizona, joe? >> caller: hi, jim, a big desert booyau booyah to you. first of all, i want to thank you for the second half of last year, recommending home gamers to switch to big high quality stocks paying big dividends, felt better in the crazy time. >> yes, particularly when the market was down by 19% and we did not hit much at all with the strategy. >> caller: no they were great stocks. from calculating the peg growth, is it current year divided by prior year? >> yeah, future year estimates, you know, you i look at the step function, last year, this year, and next year, and it's between this year and next year that i care most about. what i do, frankly, just so you know, i do use the street estimates to try to calculate what the peg ratio is. with the exception of a couple stocks like apple over the course of the last few years i'm satisfied using street estimates as a way to go. an up side surprise can lead you to a major down side, don't believe the h
even when you're away from home. adjust your thermostat remotely to help save energy and money. turn on the lights, even see that everyone is safe and secure. and with adt, you can rely on our fast response monitoring for 24/7 protection against burglary, fire, and high levels of carbon monoxide. the adt new year's sale. it could help you save something more important than money. call now to save $300 on adt starting at $99 installed plus 15% off accessories. sale ends midnight january 2nd. >>> my new year's message to washington is this entire problem isn't an isolated incident. it's how par zanship and polarization have taken over congress. i'm 18 and go to college in d.c. i used to be excited for the future but i don't want a country that doesn't have a successful working legislature. congress, remember what your purpose is and get back to doing your job. >> amen. if congress can't reach a deal by midnight, higher taxes are not the only concern for americans. there are many families who might not have any money coming in at all. more than 2 million people are at risk of losing the
to worry about it. >> it's fantastic. here in times square. the energy is palpable. everybody is so excited. few minutes before and after midnight are what it is all about. we are so excited because not only do we have bill and i, but we have got gutfeld with us tonight. , which you know, you never know where that's going to go. >> you don't. >> last year it went in a very interesting direction. one that we could not anticipate. he is here. kimberly guilfoyle is with us. >> pat benatar. >> benatar is going to play. we got a terrific group from broadway. they are going to hear all about tonight. >> and never to be outdone by our competition. i heard that bill may be taking things off tonight. >> taking what off tonight? >> that's not the man's job. >> i'm just saying. tune in tonight at 11:00. >> you said follow me, right, trace? >> >> trace: it's kind of like the old america's newsroom today, guys when bill couldn't get a word edge wise. guaranteed half the time old home week, right? >> going to be great. are you going to stand for that? >> what kind of treatment is is this? >> came out ear
moves into pennsylvania and weakened and then transfer energy to a system that is going to roll up the coast but that happens too late for this to be a major snowmaker for most of us here. a wide swath of snow from the storm from west virginia into new england. as far as accumulations are concerned one to three inches from columbus and then into pittsburgh and new york city picking up a quick one to three inches through the afternoon when the snow arrives but then boston is where things get interesting as the storm rapidly strengthens off the coast. snow will intensify as we get through the day and then especially the coasts of new england, cape cod into boston we could pick up snow in the 3-6-inch range and then the storm continues to strengthen and drags in north and west temperatures only going to fall. as far as the temperatures right now quite cold across the midwest and thorn plains and we are at 18 currently minneapolis. for tomorrow here. and winter is certainly here and here to stay. that cold air will continue to filter in as we track on past new year's day and through th
thermostat remotely to help save energy and money. turn on the lights, even see that everyone is safe and secure. and with adt, you can rely on our fast response monitoring for 24/7 protection against burglary, fire, and high levels of carbon monoxide. the adt new year's sale. it could help you save something more important than money. call now to save $300 on adt starting at $99 installed plus 15% off accessories. sale ends midnight january 2nd. their new school in a neighboring town. classes start tomorrow in the building of a former middle school that's been out of use. this comes nearly three weeks after a gunman slaughtered 20 kids and six adults at sandy hook elementary in newtown, that school is still considered a crime scene and remains closed indefinitely. david lee miller with the news kind ofmonroe, connecticut. security did they have in place today? >> well, jon, authorities are not releasing all the details but it was very plain to see that just outside the school there was a check point. they were checking the i.d. of drivers that were approaching the school. the media w
, energy and healthcare. he is in part on his way. going to revolutionize the country. he he doesn't care. when we heard that what he said this afternoon, he he was mocking the idea of cutting spending and then he said i'm going to stand up for seniors and all the others will be heard. this is an annall of this is dot care if we go over the cliff or not. he thinks he wins either way. he is not going to bend on spending in the future. >> bret: down the road, does this mini deal come together tonight, tomorrow? >> i think it likely will and i think it's likely the house will reject it. >> i don't know because i didn't think we were going to go over the cliff. >> bret: and here we are. >> here we are. i was wrong about that. i would hope that they would be able to work something out and be able to get something done before we actually officially. see the results in the market. try to get it done. hawaii. fiscal cliff hasn't touched them yet. so, i think we go over the cliff and then the bunji cord attached to our ofeet we dangle for a while. it will be the end of the week. >> bret: next up,
, tax credits for investment, bonus depreciation provision and renewable energy. so there are things in there that i think the vice president will use to try to convince democrats that it's a good deal for everybody including them. >> can i respond to that? >> absolutely. >> david brings up a very good point. this is a very big bill. i obviously just looked at the top line stuff. what leader mcconnell and vice president biden did was borderline brilliant where there is a little bit in here for everybody, both conservatives but also progressives where they can go back to the constituency specifically the house and say i voted for this and here is why. there is farm stuff in there, really some good stuff folks can give them comfort and say this is a good thing for our constituency. >> and, you know, we've heard a lot of people this morning refer to vice president biden as the closer. he certainly comes out looking very good in this. assuming that this does pass, robert, does anyone other than the vice president come out looking like a winner? conversely, who ends up losing? a lot of pe
familiar with the talks who noted a wind energy tax credit is preserved as the president eluded to in his remarks. also depreciation for businesses with spending money on new equipment. all of those things arement wills of the tax deal, but until they get the sequester, the budget elements worked out, the deal's not going to be finished. >> now, the deduction phaseout. this is relatively new. any idea at this point which deductions we're talking about and any timetable for them? >> i have to confess, bill, i don't know how exactly that works. these are provisions that were first initiated in the 1990s as a way of getting more revenue from people at the top without raising their rates. so what you do is you take the same deductions that other people can take and you limit their value over a certain income level. this is in addition to something the president's proposed of making the tax deductions for people above a certain income level valued only at a lower percentage tax rate than the 39.6% rate. we'll see how all of these things mesh and how they're implemented ultimately. but it's a w
with lots of good energy. lots of people here, ready to kick off their new year. many of them are probably heading out to times square tonight. i'm erica hill along with willie geist and andrea canning. matt, savannah and natalie have the morning off. we have ideas for your last-minute party that your guests will never forget. >>> a lot of people are making new year's resolutions that a lot of people won't keep. but there's a scientific method out there for keeping your new year's residency res luolution. >> my resolution is to spend more time with you. >> dripping with sincerity, too. >> it is, it is. >> what you can expect in the new year with entertainment, politics and technology, including a new website from the creators of twitter. that's a big deal. >> first, we want to say hello to carson daly, hosting new year's festivities tonight. >> hi, mom. >> number nine for you. >> oh, my gosh, yeah. mtv years added in, it's like number 15 i've-in times square. it's a tradition i've grown to love. i heard al say it's almost -- '09 was record cold. and we're going to reach that. >> bundle up
major decline. sector checks, we're seeing those return to the risk on trades being off. energy and materials under pressure today along with technology and telecom. consumer stocks though have actually turned a little bit higher on the news of that deal being struck that will avert the port strike for another 30 days and so what we've seen is retailers actually at the highs of the section, there was some concerns that there would be disruptions for the retail supply chain. that has reversed since that deal was announced right about 11:30 or so today. we also want to point out that the home builders are looking fairly strong. also reversing earlier declines. that comes in the wake of november's pending home sales which was another data point that showed the housing market had certainly been a bright spot in the economy this year. >> we should say, yeah, with all the doom and gloom, we can say this, that for the first time in many, many years housing prices actually declined. >> since 2006 housing looks good. autos also another bright spot. >> yes. >> very good auto sales. expick
the moves within the energy and metals market. check in with sharon especiallier son. >> we're looking at u.s. oil prices, the wti contract was at the highest levels since september. above $93 a barrel and it's broken through key technical levels. the same is true for brent crude. the next level to get to in terms of resistant above $113 a barrel. we're also seeing gains even in the gasoline futures and that comes on a year that saw the highest retail gasoline prices on average. $3.60 was the average price for 2012. we're looking at 2013 starting off around 3.29 a gallon. aaa is saying we're going to see gas prices that are probably a little cheaper than a year ago, but still, rather high. we're seeing a big downturn here in natural gas. bucking the trend from where other commodities are standing. prices hit a low of $3.05 and some traders saying it was just below trading activity. others say look at what's happening to the weather forecast a week or so out, where we're going to see very much above normal temperatures for much of the country. and then take a look at what's happening in the
controlled, and 73% more energy efficient. we're up here on the 72nd floor of the empire state building right now. this is an up close look at what these new lights look like. workers have been up here swapping these out since early june. they started on the 70th floor and installed seven sections of lights at the building's halo. the new bulbs are capable of emitting colors five to eight times stronger than those in the past. >> i think it'll be a lot of fun. >> reporter: anthony melken manages the empire state building. >> i don't have to tell you the empire state building is iconic. it's a gorgeous building. people know it around the world. there's concern that it will become too bright or too much of a show. your response is? >> you know, l.e.d.s are all over the skyline of manhattan now. so, in fact, the empire state building you could say has been a little behind. no one has done it quite the way we have. but rest assured, we're actually projecting the lights on the building, not out on to the city. so no one's going to have to shield his or her eyes. >> reporter: you don't want this to
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, the energy sector is really booming. and so i think we'll get some job growth in the next several months but i think this bill means that we're going to get less jobs than we would otherwise. when you have 20 million people, already, jenna, that either don't have a job at all or don't have a full-time job, this wasn't a very smart time in my opinion to be raising these taxes on businesses and investors. it was having last night, i was up very late last night on fox as we watched that drama develop and you know the president gave his remarks. he said we need more investment in this country. of course he is right, we do need more investment in this country. why will he sign today a tax bill that raises taxes on investment? i don't get the logic to that. jenna: first good it that you were watching fox and not orange bowl, steve. you got your nose to the griped stone watching the news. >> there you go. jenna: conservatives argued for the bush-era tax cuts to stay. that is something happening in the bill for the majority of the americans. the other originalment is don't cut government spendin
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